So I do have a great deal of fear with the area, but I know the rental market is thriving there due to community college and the demographic.As far as my owner occupied property - $329K with an annual operating expense of $13K, taxes $3000, insurance $1000.

Also my other fear of interest only is if you dont stock pile cash for a refinance instead of new acquisition if rates rise you may not qualify for a refinance.

She has been there for three years and is never late on payments so I prefer not to give her notice.I was thinking I would offer her a year lease (with a deposit of course) at slightly less rent to ease her pain/fear of committing.

Given your lack of reserves and poor credit which would make it difficult to get any money, I would be a little fearful of getting into too many properties that didn't cash flow right.

Sadly, I fear it's true.

inspector showed up 1 day & got red tagged, with a stop order, for no permit (my fault). we applied for the permit & 2 days later, i called the inspector to apologize & when would the permit be ready as my...

If they have a steady job and pass the general tenant screening criteria items, and not having a SS make them somewhat fearful of authorities (cops and courts) -- generally excellent low hassle tenants that pay cash and on time from my experience.

Some wholesalers fear competition and will be cautious about teaching you to wholesale in the same market.

Of all the things I fear in life, debt is one of them.

For fear of having some bricks fall on me here, it was a strategic decision to keep my viability low from the regulators even though I did my best to be compliant.